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~ ;rm 1 M In _ C=) M CA _=0 -TI Cn 0 ~ r n 'Ti C~ r C:) 4 r r~.t 4 C7 cz7 cra r~. 4 m f1] c ~~r~r N cn rv co tTt 171 1714 -a u7 Z o [Space Above This Line for Recording Data] State of Nebraska DEED OF TRUST FHA Case No. 321-2866827 703 MIN: 100416700009432437 THIS DEED OF TRUST ("Security Instrument") is made on April 28th 2010 The trustor is Michael Scott Johnson and Lora Lea Johnson, husband and wife ("Borrower"). The trustee is CharterWest National Bank ("Trustee"). The beneficiary is Mortgage Electronic Registration Systems, Inc. ("MFRS") (solely as nominee for Lender, as hereinafter defined, and Lender's successors and assigns). MFRS is organized and existing under the laws of Delaware, and has an address and telephone number of PO Box 2026, Flint, MI 45801-2026, tel. (888) 679-MERS. CharterWest National Bank which is organized and existing under the laws of the State of Nebraska and whose address is 714 N Diers Avenue Grand Island, NE 68803 ("Lender"). Borrower owes Lender the principal sum of One Hundred Fifty Nine Thousand Six Hundred Fort Five and 00/100 Dollars (U.S. $ 159,645.00 _ This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on May 01, 2040 This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in Hall County, Nebraska: Lot Three (3), Jeffrey Oaks Eighth Subdivision in the City of Grand Island, Hall County, Nebraska, which has the address of 4076 Norseman Ave [Street] Grand Island , Nebraska 68803 ("Property Address"); [City] [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property". Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument; but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing or canceling this Security Instrument. 16256.CV (11/07) 903543 Pagel of5 Return To: CharterWest National Bank 714 N Diers Avenue Grand Island, NE 68803 10o0KT0(000fblo3)